• tetris11@lemmy.ml
      111·
      4 months ago

      I mean every society has to rebuild after a crash, I’m just optimistic that they’ll do it faster

        • tetris11@lemmy.ml
          5·
          4 months ago

          Got a summary? I know the onus is on me, but I’m not likely to dig much further

            • jackeryjoo@lemmy.worldEnglish
              9·
              4 months ago

              Within 50 years, the whole world population is going to shrink dramatically, and it will have nothing to do with declining birth rates.

            • tetris11@lemmy.ml
              3·
              4 months ago

              Yeah, but that’s only a problem if elderly orderlies is an underpaid job that no one wants, and if people can’t afford to live on it when choosing such a profession.

              If the economy adjusts or society adjusts such that caring for the elderly is a highly sought out and secure job that can easily pay a mortgage, what’s the issue?

              This is what I mean when I say they will crash and their economy will adjust.

                • tetris11@lemmy.ml
                  2·
                  4 months ago

                  Under the current system. All retirement vehicles dependent on the investment market will crash horribly. Anyone with retirement funds in such a crash is doomed. Which will force a reset and a switch to a new financial system (see: Turkey’s various resets over the last 50 years, or Greece in the last 10). Money will be lost. The system will reset, re-valuate the demand for such services, and people will be paid in a new currency to plug the supply.